What are year-end financial statements?

The year-end financial accounts refer to a comprehensive summary of the business activities and financial revenue and expenditure of an enterprise in the accounting year according to accounting data. The year-end financial accounts are a comprehensive work to comprehensively summarize the business and financial activities of financial institutions and assess the operating results of enterprises. The object of year-end final accounts is business activities and financial revenue and expenditure, aiming at comprehensively summarizing the business and financial activities of financial institutions and assessing their operating results.

The significance of year-end financial accounts is to comprehensively reflect the financial situation, operating results and cash flow, which is conducive to summing up experience and improving bank management. The year-end financial accounts can summarize and reflect the bank's operating results throughout the year, assess operating efficiency, monitor and analyze the causes of operating losses, bad debts and other problems, sum up experience, learn lessons, and take timely measures to promote the bank's management level.

The year-end financial accounts are oriented to the enterprises, institutions, employees and residents of the whole society, and are the hub of social monetary funds revenue and expenditure and credit activities. Through the annual final accounts, banks can help the relevant state departments to grasp the changes in money, credit and capital activities, and understand the investment, application and turnover of funds in various sectors of the national economy.

Every year, 65438+February 3 1 is the day when financial institutions execute annual accounts. Its main tasks include: organizing year-end financial accounts, checking various inventories, calculating foreign exchange trading gains and losses, carrying forward the profits of the current year, carrying forward old and new account books, and preparing financial and accounting reports.